Business

5:22pm

Fri January 24, 2014
Economy

Trouble In Emerging Markets Causes Stocks To Take A Tumble

Originally published on Fri January 24, 2014 7:29 pm

Transcript

MELISSA BLOCK, HOST:

Stock prices soared in the past year, but this was a rough week and prices really tumbled today. The Dow lost 318 points, the S&P 500 and the NASDAQ both fell 2.1 percent. This was part of a global sell-off, as investors focus on the growing financial turmoil in the developing world. NPR's Chris Arnold is following this and he joins me now. Chris, the year started off looking like the global economy was more stable. We didn't have a financial crisis unfolding somewhere. So what's going on now?

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5:10pm

Fri January 24, 2014
The Two-Way

Holder Favors Pot Banking, And Legal Dealers Shrug

A marijuana bud and cash at a shop in Denver. An owner of marijuana stores in the city says of his company's bank account, "We treat it like gold."
Ed Andrieski AP

When I heard late Thursday that Attorney General Eric Holder had come out in favor of bank accounts for state-sanctioned pot businesses, I assumed the industry would react with cheers. After all, they've long complained about being black-balled by banks, which are justifiably afraid of violating federal laws against handling drug money.

But when I started calling around today, the reactions ranged from "That's nice" to "Meh."

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4:34pm

Fri January 24, 2014
The Two-Way

Dow Loses 318 Points, The Most In One Day Since June

The Dow closed 318 points lower on Friday, the biggest one-day drop since June.

As NBC News puts it, the index joined the rout that hit European and Asian markets on fears that the global economy is slowing.

The Wall Street Journal adds:

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4:09pm

Fri January 24, 2014
All Tech Considered

Tech Week That Was: The Mac Turns 30, More NSA Rumblings

Apple's CEO Steve Jobs (left) and President John Sculley display the hardware unveiled at the annual shareholders meeting on Jan. 24, 1984.
Terry Schmitt UPI/Landov

It may have been a slow news week — no national security flaws or revelations, no more signs that Google is trying to take over the world — but we had plenty of content to feed your tech appetite here on All Tech Considered.

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1:54pm

Fri January 24, 2014
Planet Money

An Astonishing Share Of Homebuyers Are Paying All Cash

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More and more people are buying homes with pure cash. In December, all-cash purchases accounted for 42.1 percent of all U.S. residential sales, according to the latest report from RealtyTrac, a company that collects and analyzes housing data.

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10:50am

Fri January 24, 2014
All Tech Considered

As Windows XP Fades Away, Will Its Users Stick With Microsoft?

Originally published on Mon January 27, 2014 10:10 am

A man walks past a Microsoft billboard featuring Windows XP in November 2001 in Beijing.
Kevin Lee Getty Images

Windows XP may have been largely developed in a different millennium, but it's not going into retirement without a fight.

Even as Microsoft promotes Windows 8, its latest operating system, Windows XP is still the second-most used OS on nonmobile computers, according to Net Applications web analytics. Debuting in 2001, XP lasted through three new Microsoft operating systems and the growth of mobile technology.

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7:29am

Fri January 24, 2014
Business

David's Bridal Goes Upscale Near Beverly Hills

David's Bridal is famously known for carrying inexpensive bridal dresses, some for less than $100. Now the company wants to offer an elevated experience for brides to be — with chandeliers, marble tiling and plush chairs. There will be price tags to match — as much as 2,000.

5:12am

Fri January 24, 2014
Business

Wal-Mart Creates Fund To Spur U.S. Manufacturing

Originally published on Fri January 24, 2014 7:29 am

The $10 million fund will supply grants to projects aimed at creating new processes and jobs in the sector. The fund will be launched in March, and Wal-Mart will fund the grants for five years.

5:12am

Fri January 24, 2014
Business

MIT Housing Survey Focuses On 70 Metro Areas

Originally published on Fri January 24, 2014 7:29 am

A new report from the MIT Center for Real Estate forecasts home prices in 60 U.S. cities. Whether housing prices are going up or down depends on where you live.

5:12am

Fri January 24, 2014
Business

Drowning In Debt, Bike Sharing's Bixi Files For Bankruptcy

Originally published on Fri January 24, 2014 7:29 am

Montreal-based Bixi, which came up with the bike sharing systems offered in many American cities, has filed for bankruptcy. Renee Montagne talks with Andy Riga of the Montreal Gazette about where things went wrong for Bixi, and the future prospects of its operations in North America.

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